气候变化领域集成服务门户(CCPortal): Do green finance and innovation matter for environmental protection? A case of OECD economies

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DOI	10.1016/j.eneco.2023.106560
	Do green finance and innovation matter for environmental protection? A case of OECD economies
	Umar, Muhammad; Safi, Adnan
发表日期	2023
ISSN	0140-9883
EISSN	1873-6181
卷号	119
英文摘要	As climate change has become an increasingly pressing threat, the active advent of green innovation and reducing environmental pollution have also become the driving forces for cleaner economic growth, and a healthier environment. In this regard, numerous research studies have identified all the different aspects that affect environmental pollution. However though, research studies have overlooked green finance initiatives and innovations' impact on trade-adjusted CO2 emissions. Therefore, this study emphasizes upon the significance of green finance, and green innovation in achieving sustainable development. This research study fills the gap by studying the effect of green finance on trade-adjusted CO2 emissions, particularly in the presence of green innovation, environmental policy stringency, international trade, and economic growth for OECD countries. In this context, the cointegration analysis demonstrates that green finance, green innovation, environmental policy stringency, GDP, exports, imports, and carbon emissions have a long-run association with one another. The results of the method of movement quantile regression (MMQR) analysis show that green finance significantly reduces carbon emissions in OECD countries. Similarly, the results for green innovation also show a significantly negative relationship with trade-adjusted CO2 emission. The findings reveal that green finance and the in-novations' magnitude of impact on carbon emission is higher, specifically at the higher quantiles. Moreover, economic growth and imports tend to have a positive impact on carbon emissions, whereas exports and envi-ronmental policy stringency decrease carbon emissions and boost environmental quality. Policymakers and regulators should therefore focus on green finance and green innovation, in order to mitigate trade-adjusted CO2 emissions and attain the sustainable environmental goals set by OECD countries.
英文关键词	Green finance; Green innovation; Carbon emissions; Sustainable development; OECD economies
语种	英语
WOS研究方向	Economics
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000948102600001
来源期刊	ENERGY ECONOMICS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281548
作者单位	Qingdao University; Lebanese American University
推荐引用方式 GB/T 7714	Umar, Muhammad,Safi, Adnan. Do green finance and innovation matter for environmental protection? A case of OECD economies[J],2023,119.
APA	Umar, Muhammad,&Safi, Adnan.(2023).Do green finance and innovation matter for environmental protection? A case of OECD economies.ENERGY ECONOMICS,119.
MLA	Umar, Muhammad,et al."Do green finance and innovation matter for environmental protection? A case of OECD economies".ENERGY ECONOMICS 119(2023).